Fannie Mae-No Politics (FNMA)

[Louie_Louie]

I thought you guys said pref's would be converted B4 RELEASE???
Is it B4 Cases are resolved?
Maybe B4 first offering?
B4 cram down?
By all means it should have happened now for best conversion, no? Fnma at 2$ and change and prefs at what... $7?
Ooohhh I forgot! Both GSE's stock will magically go to .10 per share, then the government hands pref's a boat load of commons just because they can, it helps raise zilch capital....then commons goes too the moon. Am I right?